Funny thing about Trumps plan; Republicans have always hated
the idea, and won’t touch it, while Democrats have been trying to solve this “newly
discovered” problem for decades, literally.

Hillary Clinton released her plan – which has been publicly
available for a year prioritizes improving childcare quality with a plan
to address chronically low wages and training for childcare providers.

Trump has put a new coat of
paint on the same tired policies that prioritize wealthy people like himself at
the expense of working families. Trump’s plan is mainly a tax deduction, which would allow
parents to deduct the average price of child care from their taxes.

That sucks. But a tax credit deducts the child care costs
right off your income, dollar for dollar, a UUUGh savings. It appears the Trump's missed the '70's and '80's:

As
many have pointed out, the value of a tax deduction is directly linked to
the tax rate you pay. Under Trump’s plan, wealthy families making $500,000
would get a child care tax break of about $40 for every $100 they pay for child
care. Meanwhile, families making $60,000 would only get $15 for every $100
spent on child care.Many low-income families don’t owe anything because they make too little and don’t qualify for credits that reduce or erase
their burdens. “We had a tax deduction until the late 70s,” Helen Blank,
director of childcare and early learning at the National Women’s Law Center Blank
said. “The deduction was made into a credit because a credit is more equitable.
A low-income family can take advantage of a credit, especially if it’s
refundable, which allows it to get money back at tax time even if it doesn’t
have a tax liability” … wages and training for childcare providers.

In the United States, the average cost of center-based child
care for the typical working family with an infant and preschooler is about
$18,000, a steep price for families to cover. If a family cannot afford child
care, a tax deduction is irrelevant – a family can’t deduct something that they
can’t pay for to begin with. The same flaw applies to the $1,200 rebate … A
credit of $1,200 would be perfect if the goal was to help families afford
childcare for a month, not a year.Hillary Clinton zeros in on the issue of
affordability. Clinton’s plan aims to ease the financial strain of childcare
for all families by capping costs at 10% of household income, while also
increasing wages for childcare providers.

And we haven't even gotten into the family leave debate, which isn't a big Republican favorite either.

1 comment:

The poor and middle class Trump supporters love the crumbs that he throws them and think that it is wonderful. Unfortunately they also seem to think that it is the right thing to do to give so much more money to the people who already have more than enough money to pay their own way, people that don't need government assistance should receive the most government assistance.

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Politics: Just a guy tired of "compromising." Stop encouraging Republicans when it comes to their failed ideology.
I was once a liberal radio talk host. Played co-host to Vicki McKenna, a complete liar who can't can't stop filling the airwaves with mindless babble.
I'm someone who enjoys the the painful smiles of conservatives as they struggle to deny the avalanche of facts tumbling their way. They seem preoccupied with spelling and grammar.
Real Estate: I also hosted a real estate radio show.
Currently dabbling in part time work.